Banks are turning out some types of structured products as fast or faster than they did before the bottom fell out. So far this year, for instance, banks have issued $33.5 billion in bonds backed by commercial mortgages, slightly more than they did in early 2005, when the real estate market was flying high, according to data from Thomson Reuters.

The Aventador and FF are at the forefront of what Mr. Khalfan Tamim calls “updating the police patrol cars to enhance the security on roads in accordance with the highest international standards and technical developments.”

We have frequently stated that those with power will not give it up without a fight, and that they will stop at nothing to retain it. You are witnessing an example of the extremes to which the fiat-issuers will go. We have also frequently warned that when it comes to markets, Anything Can Happen! You have an example of both, from last week.

The going-in assumption was that “peak oil” will occur in the near future. The timing of the impending onset of world oil decline was not an issue at the conference, rather the main focus was what the GCC countries should do soon to ensure a prosperous, long-term future. To many of us who have long suffered the vociferous denial of PO by Gulf Cooperation Council (GCC) and OPEC countries, this conference represented a major change. In the words of Kjell Aleklett (Professor of Physics at Uppsala University, Sweden), who summarized highlights of the conference, the meeting was “an historic event.”

Tesla’s current car, the Model S, with prices starting at $52,400, has won rave reviews. Electric motors produce maximum torque from a standing start, which can mean great performance. Tesla has many fans, especially among Californian tech-loving early adopters. They are vocal in rebutting the carmaker’s doubters, who are also not hard to find.

Residents could soon begin encountering them more often, crunching them underfoot as the snails emerge from underground hibernation at the start of the state's rainy season in seven weeks, Ms Feiber told the Reuters news agency.

She added that the snails attack "pretty much anything that's in their path and green".

Gold & Silver

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